CPO
Flared and made a high of 555.50. We recommended buying above 543
Now what to expect???
CPO formed double bottom pattern on daily chart. Three consecutive closes + weekly close above 543 will see sharp upside rally till 583--588+ mark in days to come
Immediate support at 535
Immediate support at 535
Soyaref
Soyarefined too flared and made a high of 707.90. We recommended buying above 692 and holding long from 660 mark
Now what to expect???
Weekly close above 705 will take to 725---740+ mark in days to come.
Any sharp fall will be good buying opportunity in it. Support at 680
Soyabean
Support at 3050---2980 and Resistance at 3120
Either side break or close with volume will decide further. Till then traders can trade in a range with strict stop loss and wait for confirmation
More will update soon!!
